Ellenbecker Investment Group grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 35.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 18,470 shares of the exchange traded fund’s stock after buying an additional 4,873 shares during the quarter. iShares TIPS Bond ETF makes up approximately 0.8% of Ellenbecker Investment Group’s portfolio, making the stock its 16th largest holding. Ellenbecker Investment Group’s holdings in iShares TIPS Bond ETF were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently made changes to their positions in TIP. MTM Investment Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth about $26,000. Retirement Group LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $28,000. Simon Quick Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $34,000. Atlas Private Wealth Advisors lifted its position in shares of iShares TIPS Bond ETF by 89.3% during the 4th quarter. Atlas Private Wealth Advisors now owns 265 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Finally, Filbrandt Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $37,000.
Shares of NYSEARCA TIP traded up $0.24 during trading hours on Thursday, hitting $125.59. 28,184 shares of the company’s stock were exchanged, compared to its average volume of 2,955,495. iShares TIPS Bond ETF has a 1-year low of $119.95 and a 1-year high of $128.27. The company’s 50-day moving average price is $125.58 and its 200-day moving average price is $126.35.
iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).
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